Chinese 'Bisie Bot' joins AI giants
PsiBot, also known as Lingchu Intelligence, is seeking to raise nearly $100 million in funding, which would raise its valuation to $1.48 billion, making it one of China's AI unicorn companies. The company was founded in Shanghai in 2024 by experts in robotics and artificial intelligence technologies, focusing on developing world models that enable robots and self-driving cars to understand and interact with the physical environment through real-world data. To date, the company has raised approximately $300 million from major investors, including Chery Automobile. World models are considered one of the most important development directions in AI, with expectations of a breakthrough in the next two years, contributing to accelerated scientific discoveries and physical technologies. China has made significant progress in this sector, supported by industrial data and open-source systems, despite challenges related to data collection costs and variability in data quality.
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